Etana Energy has secured sole offtake for 150MWAC from the 219MWDC Orkney solar photovoltaic project in South Africa, the companies said after the scheme reached financial close.
Chariot Limited said its subsidiary Chariot Generation and Trading holds a 34% economic interest in Etana Energy alongside H1 Holdings, Norfund and Standard Bank.
The Orkney project, located in North West province, is being built by Mulilo Energy and financed by Mulilo together with a consortium of South African financial institutions.
Once operational, the facility will export 150MWAC and is expected to generate about 478GWh of renewable electricity annually for Etana’s customers through the national and municipal distribution network.
The companies noted this is the second project delivered through the Etana–Mulilo partnership, following the 75MWAC Du Plessis Dam Solar PV2 project, which began construction last year.
“This is a further example of Etana delivering on its strategy and underlines how its business model is addressing both the supply and demand for renewable energy by enabling and instigating the build of these projects,” said Benoit Garrivier, chief executive officer of Chariot’s renewable power division.
“Etana is executing its plans at pace, closing projects expected to generate in excess of 500MW in the last 12 months, and is, in turn, serving to help redefine and enhance South Africa’s long term energy infrastructure,” he added.
